Buy Aptus Value Hsg Fin I: IIFL Securities's Target Price Rs 350

On September 13, IIFL Securities issued a buy recommendation for Aptus Value Hsg Fin I, citing a target price of Rs 350. This target represents a potential upside of 3.9% from the stock's current market price of Rs 336.9. The recommendation is based on the company's strong financial performance, including a 14.6% increase in net interest income and a 6.1% improvement in its net NPA ratio in the most recent quarter.

About Aptus Value Hsg Fin I:

Aptus Value Housing Finance India Limited (Aptus) is a housing finance company engaged in providing home loans and affordable housing loans to individuals and developers in India. It offers a range of loan products, including home loans, balance transfer loans, top-up loans, and construction loans. Aptus primarily operates in semi-urban and rural areas, targeting first-time homebuyers and low- to middle-income borrowers. The company was incorporated in 2010 and is headquartered in Mumbai, India. Aptus is listed on the National Stock Exchange (NSE) and its shares trade under the symbol "APTUSVHL".

52 Week Price Trend:

Aptus Value Housing Finance India (APTUS) currently trades at Rs 336.9, which falls within its 52-week range of Rs 234.05 to Rs 392. The stock has been hovering near the lower end of this range in recent months, indicating a potential downtrend. However, it is important to note that the company's financial performance and market conditions can influence the stock's price, so investors should conduct thorough research and monitor market developments before making investment decisions.

Stratzy's MOST Analysis:

APTUS has received an AA- rating from Stratzy's MOST framework, indicating Medium Fundamental Risks. The framework evaluates four pillars: Management, Outlook, Safety, and Trend. Based on the scoring in each pillar, an overall rating is assigned. APTUS's AA- rating suggests that while the company faces some fundamental risks, it has a strong management team, a positive outlook, a safe operating environment, and a stable trend. This rating implies a balanced risk profile with strengths outweighing potential weaknesses.

Company's Fundamentals:

Aptus Value Hsg Fin I (NSE: APTUS) is a company trading on the National Stock Exchange of India (NSE). Its stock is currently valued at a Price-to-Earnings (PE) ratio of 29.06, indicating that investors are willing to pay 29.06 times the company's annual earnings per share. The Price-to-Book (PB) ratio of 4.79 suggests that the market value of APTUS is 4.79 times its book value, a measure of its assets and liabilities. Finally, APTUS offers a Dividend Yield of 1.18%, which represents the annual dividend payout as a percentage of the current stock price, providing investors with a potential income stream.

Fundamental and Technical information provided in this blog were last updated on 13 Sep, 2024

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